CAD Pairs

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G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

Price swept the IRL and moved lower, but the break wasn't convincing enough for me. I wanted to see a clean full-body candle close through structure.

Price is now approaching supply, but I'm not selling blindly. I need bearish confirmation first.

GBPCAD took the internal range liquidity and gave a bearish reaction, but there's one problem: the structural break lacked a decisive body close.

That makes me question the supply above.

If price trades into it, I'll wait for bearish confirmation before considering sells.

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

GBPCAD took the internal range liquidity and gave a bearish reaction, but there's one problem: the structural break lacked a decisive body close.

That makes me question the supply above.

If price trades into it, I'll wait for bearish confirmation before considering sells.

GBPCAD SELL WATCH ๐Ÿ“‰

IRL swept โœ…

Bearish reaction โœ…

Clean body break โŒ

Supply overhead โœ…

The setup isn't complete for me yet. I need price to reach supply and prove that sellers are actually defending it.

Confirmation before execution.

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

GBPCAD SELL WATCH ๐Ÿ“‰

IRL swept โœ…

Bearish reaction โœ…

Clean body break โŒ

Supply overhead โœ…

The setup isn't complete for me yet. I need price to reach supply and prove that sellers are actually defending it.

Confirmation before execution.

This is exactly where I don't want to force a bias.

GBPCAD swept IRL and traded lower, but the break wasn't strong enough for me to confidently call that supply valid.

Price can tap the zone, but unless I get bearish displacement/structure confirmation, I'm staying out.

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

This is exactly where I don't want to force a bias.

GBPCAD swept IRL and traded lower, but the break wasn't strong enough for me to confidently call that supply valid.

Price can tap the zone, but unless I get bearish displacement/structure confirmation, I'm staying out.

GBPCAD has returned toward supply after sweeping IRL, but the previous bearish move didn't close cleanly through structure with a full-bodied candle.

That's enough for me to be cautious.

No confirmation = no sell.

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

GBPCAD has returned toward supply after sweeping IRL, but the previous bearish move didn't close cleanly through structure with a full-bodied candle.

That's enough for me to be cautious.

No confirmation = no sell.

GBPCAD is approaching an interesting area, but I'm not placing a limit sell here.

Why?

The bearish break after the IRL sweep wasn't decisive enough. I need the lower timeframe to confirm that this supply actually has sellers behind it.

Let price show its hand first.

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

GBPCAD is approaching an interesting area, but I'm not placing a limit sell here.

Why?

The bearish break after the IRL sweep wasn't decisive enough. I need the lower timeframe to confirm that this supply actually has sellers behind it.

Let price show its hand first.

Price swept internal liquidity before moving lower, but I don't particularly like the quality of the break.

So even though there's supply sitting above current price, I'm treating it as a potential POI, not an automatic sell zone.

I'll engage only after bearish confirmation.

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

Price swept internal liquidity before moving lower, but I don't particularly like the quality of the break.

So even though there's supply sitting above current price, I'm treating it as a potential POI, not an automatic sell zone.

I'll engage only after bearish confirmation.

One thing I've learned: a POI alone isn't a setup.

GBPCAD has supply overhead, but the structure leading away from it isn't convincing enough for me yet.

If price trades into supply, I'll look for a liquidity sweep followed by bearish displacement/BOS before considering an entry.

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

One thing I've learned: a POI alone isn't a setup.

GBPCAD has supply overhead, but the structure leading away from it isn't convincing enough for me yet.

If price trades into supply, I'll look for a liquidity sweep followed by bearish displacement/BOS before considering an entry.

The IRL has already been swept, but I wanted a much cleaner bearish break afterward.

Because I didn't get that, I'm questioning the strength of the supply.

I'll let price retrace into the zone and wait.

If sellers confirm โ†’ I'll look for sells.

If they don't โ†’ I stay out.

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

The IRL has already been swept, but I wanted a much cleaner bearish break afterward.

Because I didn't get that, I'm questioning the strength of the supply.

I'll let price retrace into the zone and wait.

If sellers confirm โ†’ I'll look for sells.

If they don't โ†’ I stay out.

As Price has swept the IRL and moved lower, but without the decisive full-body structural break I wanted. That reduces my confidence in the supply above.

So I'm not interested in predicting the reaction.

I'll wait for price to reach supply and then look for:

Liquidity โ†’ bearish displacement โ†’ structural break โ†’ retracement โ†’ sell.

Until that sequence appears, there's no trade for me.

A
@asuquokelvin - 6 hours ago
Quoted - george_kramer

UNPOPULAR OPINION: never trade more than one currency pair, it may be a waste of time, they are all correlated, you win one & you lose the other. Total waste of time

I totally disagree if you know how to do correlation very well why won't you diversify, so that Idea is not actually valid you can trade two pairs that are inversely correlated and you can still have profits, but the timing that is what matters

N
@nsg_usd - 4 hours ago
Quoted - asuquokelvin

If the buys were a good option why not wait rather than use a sell invalidation

The Sells didn't confirm. Price rather invalidated the bearish trendline and that confirms the bullish bias. I'm looking at the retest of the bearish trendline as support for price to continue the rally up to 0.9988.

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